All Forum Posts by: Natalya Whitaker

Thank you Michael! That was some awesome advice! Gives me some great things to think about as we search for a deal. The 30 k number was from the owner but we have since been to the property and it needs way more than 30k, so we are going to pass on this particular deal.

All similar thoughts we where having. We looked at the house. It needs way more than 30k to fix it up. Unless the seller is willing to come down in price we are going to pass on this one. Thanks for everyone's thoughts! We are still going to see if we can find a deal in Old Louisville though, back to work!

We refinanced our rental in December with a VA loan. Then purchased a primary residence in Aug. So if there is a waiting period it is less than 8 months. But I don't believe there is a waiting period. The post above is right about the limit. It is $417,000 for single family in most markets. We had to pay some cash out of pocket to stay under that limit. Good luck!

Just re read my title, pardon my not so great English. Lol won't let me edit.

Hello bigger pockets community! I just posted on another part of the forum that I am currently working on my 3rd deal. But as I am sitting here I realized this is really our (my hubby and me) 4th since we bought a brand new condo in 2008 sold it two months later and made $20,000. That was because of the crazy market back then, we got out of that town home right before the market crashed. Talk about good timing. Right now we own two single family homes, that we purchased with VA loans. One in Clarksville TN, and the other in Elizabethtown KY. I guess they are sort of accidental investment properties because we house hacked them while we were in the military. But since I am sort of obsessed with getting great deals. We rehabbed one (turned out great!) the other is new. They both turned out to be great investments and cash flow quite nicely. We are now hooked on the passive income thing so I'm looking to invest in more deals. We are working on 4 plex deal in old Louisville to house hack again. But ultimately would like to invest in Etown since we know the market. In Etown the demand for rental properties is crazy. BAH (basic housing allowance) is way high for the area (more than some expensive market), and there are not enough rentals. Plus if you get the right houses you attract great quality tenants. And if your tenants are military and they don't pay their rent you can get it resolved though the military. I am obsessively hard working and am loving being involved in real estate. I LOVE crunching numbers and finding great deals. Looking forward to making great connection on BP. I'm open to creating partnerships with the right people.

I still think you could use some of the principles. But you're right it wouldn't be scrum then.

I must have been typing my reply when you posted yours. Great insight! That answers my question completely. Thanks!

LOL, true. I'm always looking for ways to get an edge, and I was thinking Scrum could be my ticket. I have zero experience with contractors though, and over all contractors get a bad rap. Maybe it's because us investors make bank, while they do all the work? Not that I think that is wrong. But I was wondering if I got them vested in the property by giving them a cut of the deal and then ran the team by Scrum. I keep thinking that if you found the right people, who were inspired by the right dream, and they were managed in the best way, you would have amazing results. Scrum is based off some of the principals that made Toyota great. It's used by so many different kinds of companies. I've even used scrum to help manage my household and it is awesome. So why not flipping?

Oh and thanks for your reply!

I calculated 20% for long and sort term repairs.